Where's the $1B for new state infrastructure coming from?

This month’s extraordinary session in Albany ended up laying the ground work for an extraordinary new pot of money: $1 billion toward a new infrastructure fund meant to build public buildings, roads, dams, parks and other infrastructure.

So where is this $1 billion coming from?

Few details are available.

So far, the governor has said the state would raise the money from private investments and the pension fund. A spokesman for the Division of Budget wrote this week it would be “premature” to talk further about the breakdown in money. Stay tuned. 

Teri Weaver’s Albany Notebook is published Sundays in The Post-Standard. Contact her at tweaver@syracuse.com or 470-2274. 